The Latin America, Middle East and Africa Goat Milk Products Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
The expansion of the goat milk products market is anticipated to be fueled by the rising demand for cheese and yogurt in the fast food sector. Additionally, its use is increasing as a therapeutic health food and nutraceutical. Many prospects for market expansion are presented by the industry participants' rapid product releases. In response to rising demand, many businesses introduced new, long-lasting products. Increased investment in the development of cutting-edge solutions and strong marketing tactics will also boost a number of opportunities that will fuel the expansion of the goat milk products market in the coming years.
Dairy goats play a significant role in Latin American livelihoods. Brazil and Argentina are the largest producers of dairy goats in the region. With significant government investment in research, Brazil has the most developed dairy goat industry in Latin America. The National Program of Goat Research (Centro Nacional de Pesquisa de Caprinos do Empresa Brasileira de Pesquisa Agropecuária) is part of the Brazilian Agricultural Research System (EMPRAPA). In addition, the "Fome Zero" (No Hunger) social welfare program directly buys goat milk from organized groups of farmers in the country's northeast before processing and distributing it to low-income families. Therefore, the increasing government support for goat farming is creating lucrative growth opportunities for the development of the goat milk products market in the region.
The Brazil market dominated the LAMEA Goat Milk Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $272.8 Million by 2028. The Argentina market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 5.8% during (2022 - 2028).
Based on Type, the market is segmented into Liquid Milk and Powdered Milk. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Goat Milk Products Market is Predict to reach $16.9 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ausnutria Dairy Corporation Ltd. (Yili Group), Emmi Schweiz AG (Cooperative Central Switzerland Milk Producers ZMP), Goat Partners International Inc. (UNICA Global), Holle baby food AG, St Helen’s Farm Ltd. (The Kavli Group), Hewitt’s Dairy (Gay Lea Foods Co-operative Ltd.), Woolwich Dairy, Inc. (Saputo Inc.), HiPP GmbH & Co. Vertrieb KG, Courtyard Farms, and Granarolo S.p.A.
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